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DivcoWest Divests South San Jose R&D, Manufacturing Asset for $35M
DivcoWest Silicon Valley Investments divested a 196,534-square-foot R&D/manufacturing building in South San Jose to Willyo Properties for $35.3 million. The NNN leased multi-tenant asset includes 5500-5550 Hellyer, a high-image partial two-story building with a mixture of open office, lab and manufacturing space.
CBRE’s Scott Prosser, Joe Moriarty and Jack DePuy represented the seller. Prosser says, “With a new 10-year lease and two other tenants having been in the building since 2008, this opportunity provides excellent stable occupancy with committed tenants.”
Built in 2000, the 100% leased property is located a mile north of the Highway 101/Highway 85 intersection, 1.6 miles from the Blossom Hill Caltrain station and a little over two miles from the Cottle Road VTA Light Rail station.
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